Sustainability Outlook Headlines

Blah Blah Report: Textile and Apparel Sector Emission Expected to Reach 9.5% of Global Emissions by 2030, from Current Level of 7.2%

Even if leading players meet their climate commitments, textile and apparel sectoral emissions from production are quite likely to increase in this decade. The manufacturing and sale of textile goods and clothing, generate 2.5 billion tons of greenhouse gas emissions annually. This represents 7.25% of total man-made emissions presently and is expected to reach 9.5% by 2030.

These findings are presented in the Blah Blah Briefing of the Textile and Apparel Sector by cKinetics, which aims to identify solutions to reduce emissions. The study provides a framework to... Read more..

Shri Bhupender Yadav delivers statement on behalf of BASIC countries - crucial that Paris Agreement Rulebook is concluded at COP 26

Union Minister for Environment, Forest and Climate Change, delivered the statement on behalf of the BASIC group of countries, comprising Brazil, South Africa, India and China at the UN Climate Change Conference underway at Glasgow. He highlighted that even though COP 26 has been delayed by a year, Parties have already commenced implementation of their Nationally Determined Contributions (NDCs) and therefore, it is crucial that Paris Agreement Rulebook is concluded at COP 26. “In doing so, full effect must be given to implementation of the principles of Equity and Common but Differentiated... Read more..

PM Modi says developed nations should provide 1 per cent of GDP to finance green projects in developing world

Asserting that India cannot ignore the neglect of climate finance, Prime Minister Narendra Modi on Sunday said without concrete progress on it, pressuring the developing nations on climate action was "not justice", as he called on the developed nations to set a target of providing at least 1 per cent of their GDP for financing green projects in the developing world. Addressing the G20 Summit Session on 'Climate Change and Environment', Prime Minister Modi said that by forgetting climate justice, "we are not only doing injustice to the developing countries, but we are betraying entire... Read more..

To Promote Clean Energy Consumption, Power Ministry proposesAmendment to Energy Conservation Act, 2001

Amidst the growing energy needs and changing global climate landscape, the Government of India has identified new areas to achieve higher levels of penetration of Renewable energy by proposing certain Amendments to Energy Conservation Act, 2001. The objective will be to enhance demand for renewable energy at the end- use sectors such as Industry, buildings, transport etc. Ministry of Power has prepared amendments, after consultations with stakeholders. The proposal includes defining minimum share of renewable energy in the overall consumption by the industrial units or any establishment.... Read more..

Joint Statement on Italy-India Strategic Partnership in Energy Transition

H.E. Mr. Mario Draghi, President of the Council of Ministers of the Italian Republic and H.E. Mr. Narendra Modi, Prime Minister of India, had a bilateral meeting on the sidelines of the G20 Leaders’ Summit hosted by Italy in Rome on October 30-31, 2021. The two Leaders acknowledged significant progress in bilateral relations since the adoption of the Action Plan for an enhanced Partnership between India and Italy (2020 –2024) on November 6th, 2020. They expressed their resolve to strengthen cooperation in the strategic sectors addressed by the Action Plan, including the cross-cutting issue... Read more..

CFA Institute launches ESG disclosure standards

The standards would apply to all types of investment vehicles, asset classes, and ESG approaches, and would aim to support investors with complete and accessible information. Margaret Franklin, CFA Institute, president and chief executive, said: “We’re proud to release the first edition of the standards after a multi-stage development process to ensure the result is additive, has impact, and is meaningful to the industry”. “The complexities of the ESG investing landscape remain vast. We must identify ways to mitigate greenwashing and preserve the integrity of the information being shared... Read more..

Government To Seek Carbon Emissions Data Linked To Each LNG Cargo

India is the world's third-biggest emitter of greenhouse gases after China and the US The government will seek carbon emissions data linked to each cargo of liquefied natural gas (LNG), its oil minister said on Thursday, mirroring a growing trend among top Asian buyers of the cleaner fuel ahead of global climate talks in Glasgow from Sunday. India, the world's third-biggest emitter of greenhouse gases after China and the United States, wants to raise the share of natural gas in its energy mix to 15 per cent by 2030 from the current about six per cent, to cut its carbon footprint. "The... Read more..

UN calls for more climate adaptation cash from COP26 Summit

The United Nations on Thursday called for nations at the upcoming COP26 climate change summit to increase funding for developing countries to adapt. Climate adaptation means adjusting to the current effects of climate change and preparing for its predicted impacts in future. The approach is crucial in developing countries, which are more vulnerable to extreme weather caused by climate change -- floods, drought, heatwaves and wildfires, for example. The UN's trade and development agency said Thursday that a round-the-world effort was needed to address the climate crisis, with a focus on... Read more..

SBTi launches world-first net-zero corporate standard

The Science Based Targets initiative (SBTi), the global body enabling businesses to set emissions reduction targets in line with science, today launches the world-first Net-Zero Corporate Standard. To combat this, the SBTi’s Net-Zero Standard is the world’s first science-based certification of companies’ net-zero targets in line with the Paris Agreement’s goal of keeping planetary warming to 1.5°C. Alberto Carrillo Pineda, Co-Founder and Managing Director of the SBTi, said: “Companies are currently self-defining net-zero targets without credible and independent assessment of their ambition... Read more..

India and EU can jointly shape international agenda on climate change and global commons: Envoy

The European Union and India can together give a significant contribution in shaping the international agenda in the pursuit of Global Commons, Bio-Diversity and Climate change and it is essential that both sides work together for the success of Cop-26, EU envoy to India Ugo Astuto has suggested. "EU-India are ideally placed to steer the discussions in such forums. We have to do this in our interest the interest of all countries and in the interest of the coming generations,” Astuto said at a session organised by leading Indian public policy body Ananta Aspen Centre ahead of COP26 in... Read more..

India to invest $316 billion for de-carbonisation by 2030: Bofa Securities

India will spend $316 billion (about Rs 23 lakh crore) in the decade to 2030 towards de-carbonisation, with a high proportion of the investment to be allocated to renewable sources of energy, a foreign brokerage said on Wednesday. The investment will be in addition to the estimated Rs 6 lakh crore or $84 billion already spent since the country joined the Paris climate accord in 2015, Bofa Securities said. Speaking to reporters ahead of the Glasgow summit, the brokerage's head of research Amish Shah said India has been one of the most active states on-ground action and pointed to the fast-... Read more..